Admission & tuition fees

An investment in your future

"Conducted in English and extremely useful": CEO Erlendur Svavarsson talks about his experience from the RU Executive MBA.

Application deadline

Application for residence of EU/EEU for the next academic school year

  • Application opens: February 5th
  • Application deadline: April 30th

Application for residence out of EU/EEU for the next academic school year

  • Application opens: October 15th
  • Application deadline: January 31st 


  • Undergraduate degree (BA, BSc) or equivalent professional qualifications.

  • Good command of the English language.

  • Work experience (minimum 3-5 years).


All applicants must submit an electronic application and attach the required accompanying documents:

  • Curriculum Vitae (CV)

  • Official Transcripts of diplomas

  • Personal statement answering the question: Why am I pursuing an MBA degree and what are my short term and long-term goals? (max length 1000 words)

  • Names and contact information of 2-3 references (listed in CV)

  • Letter of recommendation from one individual who can assess the applicant's abilities to participate successfully in the MBA program. The letter can be in either Icelandic or English. Letter of recommendation shall be sent either through e-mail to or by mail to Reykjavik University c/o MBA, Menntavegur 1, 102 Reykjavík. Please not that all letters of recommendation must come directly from the person that gives the recommendation.

We evaluate all aspects of the application and specifically focus on:

  • Academic excellence and experience.

  • Leadership potential and responsible approach to business.

  • International outlook and intercultural competence.

  • Personal qualities and contributions, such as teamwork skills and overall collegial behavior and willingness to share and learn from others.

Please note that due to the limited number of spaces on the programme, not all applicants are admitted. All applications are confidential.

Tuition fees


Please see our tuition page for amounts. Payment of tuition fees is divided equally between four semesters and each semester is paid in advance.

Read more about payment of tuition fees at RU

Confirmation fee

To confirm registration, the confirmation fee must be paid. The confirmation fee is a part of total tuition fees.

Fees include:

  • All teaching materials (e.g., books, cases, folders etc.)

  • Numerous activities

  • Personality tests

  • Short focus courses

  • Light refreshments during teaching

  • Study trip to Boston

Student loan fund

The Icelandic Student Loan Fund (LÍN) grants tuition loans for the MBA programme.

Go to the RU Application Portal 


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